Flagstone Reinsurance Holdings Limited Common Share Certificate

Summary

This document certifies that the named individual or entity is the registered holder of fully paid and non-assessable common shares of Flagstone Reinsurance Holdings Limited, a company incorporated in Bermuda. The shares are transferable on the company's books by the holder or an authorized attorney upon proper endorsement and surrender of the certificate. The certificate is subject to the company's Memorandum of Association and Bye-Laws. It must be countersigned by the Transfer Agent and registered by the Registrar to be valid.

EX-4.1 3 a2175432zex-4_1.htm EXHIBIT 4.1
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Exhibit 4.1

	COMMON SHARES	COMMON SHARES
NUMBER
FSR	[FLAGSTONE RE LOGO]		SHARES
	INCORPORATED IN THE ISLANDS OF BERMUDA UNDER THE COMPANIES ACT 1981	CUSIP
	Flagstone Reinsurance Holdings Limited
	THIS IS TO CERTIFY THAT



	is the registered holder of
	FULLY PAID AND NON-ASSESSABLE COMMON SHARES OF PAR VALUE US$0.01 EACH OF FLAGSTONE REINSURANCE HOLDINGS LIMITED
	transferable on the books of the Company by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the Memorandum of Association and Bye-Laws of the Company and all amendments thereof, to all of which the holder by acceptance hereof assents, and shall be transferable in accordance therewith. This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.
	Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

FLAGSTONE REINSURANCE HOLDINGS LIMITED
BERMUDA 2005

COUNTERSIGNED AND REGISTERED:

THE BANK OF NEW YORK
(NEW YORK, NY)

BY /s/

TRANSFER AGENT
AND REGSTRAR

/s/

AUTHORIZED SIGNATURE

DEPUTY CHAIRMAN
AND DIRECTOR

CHAIRMAN
AND DIRECTOR

Flagstone Reinsurance Holdings Limited

The Company will furnish without charge, to each shareholder who so requests, a copy of the provisions setting forth the designations, preferences and relative, participating, optional or other special rights of each class of shares or series thereof which the Company is authorized to issue, and the qualifications, limitations or restrictions of such preferences and/or rights. Any such request may be addressed to the Secretary of the Company or to the Transfer Agent named on the face hereof.

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM

as tenants in common

UNIF GIFT MIN ACT-

Custodian

TEN ENT

as tenants by the entireties

(Cust)

(Minor)

JT TEN

as joint tenants with right of survivorship and not as tenants in common

under Uniform Gifts to Minors Act

(State)

Additional abbreviations may also be used though not in the above list.

For value received,		hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)


			shares
represented by the within Certificate, and do hereby irrevocably constitute and appoint
			Attorney
to transfer the said stock on the books of the within named Company with full power of substitution in the premises.
Dated

	X

		NOTICE:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement, or any change whatever.
Signature(s) Guaranteed:


THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

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